Guys whole market is going down rapidly. Especially see the ETH price. it is crazy. But I didn't see there is the specific case except ETF. Can anyone guess when will be market recover?
There are a number of reasons behind this like:
1) Manipulation by whales who have dumped the coins and thus reducing the prices by such a huge extent. They will again accumulate at reduced prices for higher gains.
2) Even the existence of so many coins is one of the reasons in my opinion. It divides the whole market share and hampers growth of each coin.